Stock market and oil collapse

Various | 03/09/2020 | Self

[rstrahan]

Ok, watching the news, etc. second circuit breaker hit at a 7+% drop in the DOW. Trading halted. Oil collapsed 30% overnight. There is a potential of a major collapse today. Fed is increasing money into the economy this am. If you are still in stocks, be very careful. Now, there is a worry that the next breaker at 13% drop in the DOW could be hit.

All of this over coronavirus.

Now a bit of good news, Texas firm says they have a vaccine, but still has to get through FDA testing.

Just hang on, it’s gonna be a rough week.

[Maigrey]

Nah, they'll all repeating the same thing on Twitter. So many are gloating over it when they are also being bent over the barrel too - when anyone in the White House would be over the fire pits for this media-driven hysteria.

The Libs will be crying in their empty coffee cups when their places start closing left and right because "rich people losing money" doesn't keep the lights on or the doors open to most small business.

[reed13k]

I’ve been trying to put in buy orders but they haven’t been executing so far - I’m guessing the volume is ridiculous :(

eTrade has been funky as well - likely due to over demand on bandwidth.

[Vaquero]

It’s the virus. Is it planned?

[duckman]

My rule of thumb is invest money in the market or other ventures, if it’s of no real concern to you if you lose it all. JMHO

[Dennis M.]

You obviously are not joining in on the apocalyptic hysteria. What a party pooper.

[LIConFem]

”Nah, this was coming. The market was just looking for an excuse.”

Yep! I’ve been waiting for this, knowing something would come along to give the street license to take profits and restructure. My prediction, which is worth every penny you paid for it is that 1-2 months from now, we’ll be watching the major indexes creep back up to at least late 2019 levels.

Or a humongous meteor could hit earth and we’ll all bite the berry.

[dfwgator]

I figure if the companies I’m investing go under, we’re gonna have much bigger problems than just the stock market.

[Vaquero]

Question for those in the know:

Did the stock market take a major $h!t during the Spanish Flu pandemic in 1918??

[HangnJudge]

Trust in The Lord

I am reminded also of the Litany Against Fear
https://dune.fandom.com/wiki/Litany_Against_Fear

“I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear.
I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing. Only I will remain.”

We, as Christians, are Baptized in Water, Fire, and The Holy Spirit
In Christ there is no fear, only Victory

[albie]

This’ll be a distant memory in far less than 10 years. There are great buying opportunities now or soon anyway. If you own Chevron, JNJ, QCOM, IBM and many other aristocratic blue chip stocks, they aren’t going away.

[dfwgator]

You had The Roaring 20s right after the Spanish Flu.

Ok, so then the market collapsed.....in 1929!

[LouieFisk]

“Every small biotech firm is going to try to claim they have a vaccine right now”
—
Yup. It’s great they’re working on it, but no one’s come up with a vaccine and even if one is made, it’ll likely take a year for it to be ready for distribution.

[Vaquero]

My 401k have moved roaringly along since Trump. Now? Scary.

[wny]

Save your money and wait. Dow drops another 10,000 before this cycle is over

[fella]

I’m waiting to decide when to rollover my dividends. What two months ago would have got me 100 shares will now get me over 300 shares. And the divides per quarter are remaining the same.

[struggle]

Should reach -6% by 11 and -5% by lunch. Everyone’s shorting the market and running back to it.

[LS]

Not just the China Virus.

a) There was a pending correction anyway;
b) The Saudis chose this moment to have an oil war with Russia

So you have a perfect storm of entertainment/hotel/travel related companies hit; then all the oil companies hit.

[LS]

No. Stocks always, and I mean always come back. I am still html retarded, but if you want to freepmail me a mail, I’ll send you the WSJ stock market over time since 1900. It’s astounding to see that the “huge” crashes of 1929 and 1987, even in real dollars, are tiny blips on a trendline that is up, up, up.

I’d buy if I had money right now. Instead, I refinanced.

[Red Badger]

Those two things should cancel each other.................

[Vendome]

Due to COVID-19 all TCP apps are being converted to UDP